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Subscribe to this list via RSS Blog posts tagged in Amber Park

New Condo Launches within 500m of a Thomson-East Coast Line (TEL) MRT Station

Posted by Property Launch Invest on Saturday, 12 October 2019 in Property News

With the number of en bloc and government land sale (GLS) sites sold from end-2017 to 1H2018, it is not surprising that 2019 seems to be having one of the highest numbers of condo launches; despite the introduction of the cooling measures by the government.

Therefore today we will continue our series of new condo launches within 500m of a MRT station. We will be looking at new condos that are within 500m of the upcoming Thomson-East Coast Line (TEL) Station that have or will be launched in 2019.

GuocoLand to launch Meyer Mansion condo at prices starting from $2,700 psf

Posted by Property Launch Invest on Sunday, 08 September 2019 in Property News

SINGAPORE - GuocoLand will open the sale of units in its freehold condominium Meyer Mansion on Sept 13. The public preview will be held on Saturday (Sept 7).

Prices are unavailable but PropNex Realty’s head of luxury team Dominic Lee noted that the purchase price would translate to a break-even price of about $2,400 per square foot (psf).

GuocoLand bought the former Casa Meyfort residential site through a collective sale for S$319.88 million last year. The price works out to about S$1,580 per square foot per plot ratio (psf ppr), including an estimated development charge of S$57.2 million.

Private property resale transactions down 50% while sales of new units jump

Posted by Property Launch Invest on Friday, 26 July 2019 in Property News

SINGAPORE — While sales of new private homes rose in the second quarter from the same time last year, the private property resale market remained in the doldrums, real estate firm Huttons said in a report on Wednesday (July 24).

Between April and June, there were about 2,400 resale transactions, down 50 per cent from the same period a year ago, it said.

This was partly because there is a significant gap between what buyers are willing to pay in the resale market and what sellers are holding out for, it added.

Sales of new private homes up 30% in May

Posted by Property Launch Invest on Tuesday, 18 June 2019 in Property News

Property developers, under pressure from a substantial pipeline, pushed out nine new projects last month following a lull in April, but the bulk of last month's sales came from earlier launches, analysts say.

Developers sold 952 units, up nearly 30 per cent from 735 units in April, but down 15 per cent from the 1,122 units booked in May last year. This is according to figures released by the Urban Redevelopment Authority (URA) yesterday.

Resale price of non-landed properties in Districts 15 and 10 rise significantly

Posted by Property Launch Invest on Thursday, 03 January 2019 in Property News

Resale price of non-landed properties in districts 15 and 10 have risen significantly said Edmund Tie & Company‘s (ETC) caveat analysis of URA Realis data. The price increase which includes the Katong and Amber Road areas follows news of the Amber Park and Royalville en bloc sale last year.

The caveat analysis considered resale transactions in the 2017-2018 period and compared deals before and after the two collective sales (excluding outliers). The analysis notes that transacted prices at Mandarin Gardens have gone up by an average of 12 per cent since the Amber Park deal – suggesting that developments at en bloc attempt stage are also enjoying higher premiums.

Prices of older condos in Amber area testing new highs

Posted by Property Launch Invest on Friday, 21 December 2018 in Property News

With the en bloc beneficiaries at Amber Park expecting to collect their sale proceeds soon, owners of condominiums in the neighbourhood are enjoying a price uplift.

The 200-unit Amber Park was sold en bloc to listed property developer City Developments (CDL) last October for $906.7 million, or $1,515 psf per plot ratio (ppr). Owners of typical three-bedroom units in the project will receive $4.376 million each, while penthouse owners will pocket $8.3 million each. Based on the land rate of $1,515 psf ppr, CDL is expected to price the new 600-unit development, called The Opus, at $2,300 to $2,400 psf.

PROPERTY LAUNCHES & INVESTMENTS